- The USD/MXN falls to a minimum of four days in 19.95.
- The US dollar weakens for the tariff reduction and the fall in consumer confidence of the Board Conference.
- The change in attitude regarding reciprocal tariffs could leave Mexico exempt.
- The retail sales of Mexico grow annually in February after seven consecutive months of descents.
The USD/MXN remains flat in the American session on Tuesday, quoting around 20.03. Previously in the day, the pair fell to a minimum of four days in 19.95.
The US dollar gives profits for the change on tariffs and the weakening of the consumer’s conference of the Board Conference
The US dollar index (DXY) has raised today to a maximum of twenty days in 104.47, but subsequently has yielded all its profits, falling to a minimum of 103.94 and now quoting over 104.05 points, losing 0.25% daily.
Several reasons have dragged the dollar down, the first the turn on the tariffs of the White House. President Donald Trump announced Monday that he could exempt many countries with reciprocal tariffs, although he did not specify what nations would be exempt or what requirements he would consider. On the other hand, also Monday, Trump said he will impose 25% tariffs on any country that bought Venezuela from April 2. Mexico could be exempt, since the country buys oil mainly from the United States.
On the other hand, the Consumer Trust of the American Board Conference has dropped in March 92.9 points from February 98.3, collapsing to its lowest level since February 2021.
The retail sales of Mexico rise in March after months of falls, the focus rotates to Banxico
The retail sales from Mexico grew by 2.7% per year in January having fallen 0.2% in December. This is the first increase after seven consecutive months of falls for the indicator. At the monthly level, sales rose 0.6% in January after growing 0.1% the previous month, registering its greatest increase since July 2024.
Beyond the tariff theme, the event of the week for the USD/MXN is the decision of interest rates of Banxico, which will be announced on Thursday at 7:00 p.m. GMT. After the reduction of inflation seen yesterday in the first half of March, the entity is expected to reduce the types of 9% basic points from the current 9.5%.
USD/MXN Price levels
The bearish movement could have been exhausted, according to the relative force index (RSI). Although the indicator remains firm below 50 suggests a short -term correction. In that case, the PAR would point to 20.12, resistance located in the mobile average of 100 periods in time graph. Above, the 100 -day mobile average of day graphics at 20.38 and the roof of March 11 in 20.40 would mark the main barrier.
Down, the main support will be around 19.85, where the minimum of March is and of what we have been in 2025. Below this region, the falls could point towards the surroundings of 19.75, where the soils of November 2024 are located.
Economic indicator
Rate of interest
He Bank of Mexico Set the interbank interest rate. If the perspectives of the Central Bank on the Mexican economy and its inflation are positive and rises interest rates, it is considered a bull pressure for Mexican weight. Likewise, if the bank’s prospects on the economy are negative and maintains or cuts interest rates, it will exert a bearish pressure for the currency.
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Next publication: Mar Mar 27, 2025 19:00
Frequency: Irregular
Dear: 9%
Previous: 9.5%
Fountain: Banxico
Source: Fx Street

I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.